Taipei Exchange

To help foreign investors gain a better understanding of Taiwan's capital market, Taipei Exchange (TPEx) encourages Main Board companies to publish material information in English. In addition, some companies are required to publish material information in both Chinese and English in four phases based on the amount of capital or the percentage of shares held by foreign and Mainland Chinese investors.

The first phase has started from July 2020, where the company's paid-in capital as of the closing date of the most recent fiscal year reaches NT$15 billion or more. The second phase will start from 2021, where the company's paid-in capital as of the closing date of the most recent fiscal year reaches NT$10 billion or more, or the aggregate percentage of shares held by foreign and Mainland Chinese investors as recorded in the regular shareholders meeting reaches 30 percent or more. The third phase will start from 2022, where the company's paid-in capital reaches NT$2 billion or more. The fourth phase will start from 2024, where the company's paid-in capital reaches NT$600 million or more.

TPEx urges Main Board companies to check the regulation timetable and the applicable phases and make preparation in advance. Once the companies reach the criteria to publish material information in English, it is necessary for the companies to implement the rules continuously. In addition, TPEx has published “Common Phrases and Templates for Material Information in English for TPEx listed companies" in order to provide guides for Main Board companies.